The effects of the financial markets on the real economy: a look at developing markets
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/26226 |
Resumo: | The importance of understanding the role of the financial system in today’s economy is clearer than ever. As such this study was conducted to assess the links between financial development and the real economy and whether the financial system is fulfilling its role in supporting investment and growth. The study used a Correlations analysis together with a Granger Causality analysis and a VEC Model to obtain its results. They indicate there is indeed a relationship between financial development and investment as well as economic growth. Specifically both the development of public financial markets and private institutional markets contribute towards more investment. However, while public financial markets seem to have a positive relationship with economic growth, results point to private institutional markets having a negative relationship. |
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Matos, João Filipe da SilvaEscolas::EESPMata, Maria EugéniaTavares, José AlbuquerqueFernandes, Marcelo2019-02-27T12:28:59Z2019-02-27T12:28:59Z2019-01-25http://hdl.handle.net/10438/26226The importance of understanding the role of the financial system in today’s economy is clearer than ever. As such this study was conducted to assess the links between financial development and the real economy and whether the financial system is fulfilling its role in supporting investment and growth. The study used a Correlations analysis together with a Granger Causality analysis and a VEC Model to obtain its results. They indicate there is indeed a relationship between financial development and investment as well as economic growth. Specifically both the development of public financial markets and private institutional markets contribute towards more investment. However, while public financial markets seem to have a positive relationship with economic growth, results point to private institutional markets having a negative relationship.A importancia de entender o o papel dos mercados financeiros na economia de hoje é mais claro que nunca. Como tal conduzi este estudo para melhor compreender as ligaçoes entre o desenvolvimento do sistema financeiro e a economia real, assim como se os mercados financeiros estao a desenvolver o seu papel de suporte ao investimento e crescimento. O estudo usou uma análise de correlaçoes em conjunto com uma análise de Granger Causality e a construçao de um modelo VECM para obter os resultados. Estes indicam que existe realmente uma relaçao entre desenvolvimento financeiro e investimento/crescimento económico. Especificamente tanto o desenvolvimento dos mercados de capitais públicos como o de mercados de capitais institucionais contribuem para um mais alto nivel de investimento na economia. No entanto, enquanto mercados de capitais públicos parecem ter uma relaçao positiva com o crescimento económico, os resultados apontam para que mercados de capitais institucionais tenha na realidade uma relaçao negativa com este indicador.engFinancial systemEconomic growthInvestmentSistema financeiroCrescimento econômicoInvestimentoEconomiaDesenvolvimento econômicoMercado financeiroMercado de capitaisThe effects of the financial markets on the real economy: a look at developing marketsinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisinfo:eu-repo/semantics/openAccessreponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVTEXTThesis Joao Matos.pdf.txtThesis Joao Matos.pdf.txtExtracted texttext/plain35566https://repositorio.fgv.br/bitstreams/7bcca71a-b5e4-439b-8aa8-9aa4f942c0a9/downloadb57af750f5329b727d6869d6ecfed8d8MD59ORIGINALThesis Joao Matos.pdfThesis Joao 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dc.title.eng.fl_str_mv |
The effects of the financial markets on the real economy: a look at developing markets |
title |
The effects of the financial markets on the real economy: a look at developing markets |
spellingShingle |
The effects of the financial markets on the real economy: a look at developing markets Matos, João Filipe da Silva Financial system Economic growth Investment Sistema financeiro Crescimento econômico Investimento Economia Desenvolvimento econômico Mercado financeiro Mercado de capitais |
title_short |
The effects of the financial markets on the real economy: a look at developing markets |
title_full |
The effects of the financial markets on the real economy: a look at developing markets |
title_fullStr |
The effects of the financial markets on the real economy: a look at developing markets |
title_full_unstemmed |
The effects of the financial markets on the real economy: a look at developing markets |
title_sort |
The effects of the financial markets on the real economy: a look at developing markets |
author |
Matos, João Filipe da Silva |
author_facet |
Matos, João Filipe da Silva |
author_role |
author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EESP |
dc.contributor.member.none.fl_str_mv |
Mata, Maria Eugénia Tavares, José Albuquerque |
dc.contributor.author.fl_str_mv |
Matos, João Filipe da Silva |
dc.contributor.advisor1.fl_str_mv |
Fernandes, Marcelo |
contributor_str_mv |
Fernandes, Marcelo |
dc.subject.eng.fl_str_mv |
Financial system Economic growth Investment |
topic |
Financial system Economic growth Investment Sistema financeiro Crescimento econômico Investimento Economia Desenvolvimento econômico Mercado financeiro Mercado de capitais |
dc.subject.por.fl_str_mv |
Sistema financeiro Crescimento econômico Investimento |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Desenvolvimento econômico Mercado financeiro Mercado de capitais |
description |
The importance of understanding the role of the financial system in today’s economy is clearer than ever. As such this study was conducted to assess the links between financial development and the real economy and whether the financial system is fulfilling its role in supporting investment and growth. The study used a Correlations analysis together with a Granger Causality analysis and a VEC Model to obtain its results. They indicate there is indeed a relationship between financial development and investment as well as economic growth. Specifically both the development of public financial markets and private institutional markets contribute towards more investment. However, while public financial markets seem to have a positive relationship with economic growth, results point to private institutional markets having a negative relationship. |
publishDate |
2019 |
dc.date.accessioned.fl_str_mv |
2019-02-27T12:28:59Z |
dc.date.available.fl_str_mv |
2019-02-27T12:28:59Z |
dc.date.issued.fl_str_mv |
2019-01-25 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/26226 |
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http://hdl.handle.net/10438/26226 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.source.none.fl_str_mv |
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